Business & Markets
Pembina Pipeline Gains Regulatory OK for Phase III Expansion
Calgary-based Pembina Pipeline received approval from the Alberta Energy Regulator for the construction of two 270-km, 24- and 16-inch pipelines between Fox Creek and Namao. The project is part of the company’s Phase 3 Expansions. Once complete, Pembina will have four pipelines in the Fox Creek-to-..
Charting Unseen Costs of Electricity Generation
A recent report by the Department of Economics and the Institute of Political Economy at Utah State University explored often overlooked factors that affect the cost of generating electricity from wind, solar, coal and natural gas. While most cost estimates include face-value or seen costs, such as ..
Shell Works to Develop Deepwater Gulf Fields
With one ultra deepwater floating production, storage and offloading (FPSO) vessel on location and scheduled to come onstream before yearend and a second semi-submersible host platform under construction, Shell is gearing up to increase its deepwater production in the Gulf of Mexico. Construction w..
Kinder Morgan Suspends Plans for NED in New England
Kinder Morgan canceled its $3.1 billion Northeast Direct pipeline project, which was scheduled to bring gas to Boston and the New England area starting in 2018. In July, Kinder Morgan’s board authorized subsidiary Tennessee Gas Pipeline (TGP) to move forward with the project’s “market path” segment..
Floridian Natural Gas Storage Announces Non-Binding Open Season for Firm Gas Storage Service
Floridian Natural Gas Storage Company, LLC (FGS) is soliciting non-binding bid proposals from interested parties for a firm liquefaction, storage, and redelivery by vaporization service to a new delivery point through an interconnect with Florida Gas Transmission Company (FGT) at a location at or ne..
Oil Tanker Laden with North Dakota Crude Reaches Netherlands
BISMARCK, N.D. (AP) — A petroleum tanker laden with 175,000 barrels of North Dakota crude was being offloaded in Europe on Wednesday, the first such overseas shipment of the state’s oil since Congress lifted a 40-year ban on crude exports in December. North Dakota’s congressional delegation and ind..
AGA Hails Senate Energy Bill for “Strategic Use of Our Nation’s Natural Resources”
The American Gas Association (AGA) today praised the U.S. Senate for passing the Energy Policy Modernization Act (S. 2012) which contains several provisions that would benefit natural gas customers throughout the nation, including a provision to increase energy efficiency in federal buildings. “The..
Global Deepwater Pipeline Installation Feeling Effects of Delays
Quest Offshore’s subsea and deepwater outlook expects world deepwater pipeline demand to decrease in 2016 and 2017 due to the delay of startups as operators conserve cash flow and try to lower development costs. West Nile Delta, Shah Deniz Phase 2, Bardegg 2, Baronia EOR and Rota 3 Pipeline installa..
2016 Offshore Technology Conference Highlights
The Offshore Technology Conference, (OTC 2016) – where energy professionals meet to exchange ideas and opinions to advance scientific and technical knowledge for offshore resources – will be held May 2-5 at NRG Park in Houston. The event is the world’s largest meeting place for offshore energy resou..
Noble Considers Selling 15 % of Leviathan Gas Field
Though a game-changing gas discovery for Israel and for the discoverer, Texas-based Noble Energy, the giant Leviathan offshore gas field in the Eastern Mediterranean has been one bureaucratic headache after another. Now reports are surfacing that the company is seeking to reduce exposure by selling ..
Expected Fall in Lower 48 Oil Production Partially Offset by Rising Gulf Output
In response to continued low oil prices, onshore crude oil production in the Lower 48 states is expected to decline from an average of 7.41 million barrels per day (b/d) in 2015 to 6.46 million b/d in 2016 and to 5.76 million b/d in 2017. Increased production from the federal Gulf of Mexico (GOM) is..
Texas, New Mexico Oil Producers Push for Import Limits
ALBUQUERQUE, N.M. (AP) — Oil drilling companies and royalty owners from the Texas Panhandle to New Mexico’s stretch of the Permian Basin are embarking on a grass-roots campaign to limit foreign oil imports, salvaging what they say is a major sector of the U.S. economy. “American oil is competing ag..
Kuwait Oil Unions End 3-day Strike over Government Cutbacks
KUWAIT CITY (AP) — Oil unions in Kuwait ended a three-day strike over government cutbacks, authorities said Wednesday, though it remained unclear what concessions may have been granted to the workers amid low global crude prices. The state-run Kuwait News Agency reported that the unions ended the s..
Medallion Pipeline Launches Binding Open Season
Medallion Pipeline announced a binding open season through May 11 for firm transportation capacity on the fifth major expansion of the company’s existing crude oil pipeline system. The expansion project is expected to begin full commercial operations in the third quarter, although certain segments ..
Blast Kills 13, Injures Dozens at Mexico Petrochemical Plant
MEXICO CITY (AP) — An explosion killed 13 people and injured scores at a petrochemical plant on Mexico’s southern Gulf coast, forcing evacuations as a fire billowed a huge toxin-filled cloud into the air. The head of Mexico’s civil defense agency, Luis Felipe Puente, wrote in his Twitter account Th..
Lower US Supply to Underpin Oil Price Despite Talks Failure
LONDON (AP) — The failure by oil-rich nations to agree to freeze production sent crude prices lower Monday. But prices recovered much of their losses by afternoon, and analysts said that oil is likely to rise in the longer term as many companies, particularly in the U.S., scale back output. The ef..
US Energy Production Increases for 6th Consecutive Year
Total U.S. energy production increased for the sixth consecutive year. According to data in EIA’s most recent Monthly Energy Review, energy production reached a record 89 quadrillion British thermal units (Btu), equivalent to 91% of total U.S. energy consumption. Liquid fuels production drove the in..
ExxonMobil Starts Production at Julia Oil Field in Gulf of Mexico
IRVING, TX – Oil production started under budget and ahead of schedule at the Julia oil field in the Gulf of Mexico, ExxonMobil said Tuesday. The first production well is now online and a second well will start production in the coming weeks. The Julia development is located 265 miles southw..
Emerson to Upgrade Mexico’s Gas Pipeline Infrastructure
Mexican oil and gas giant Pemex and ENGIE, a French energy company, have selected Emerson to help upgrade and expand Mexico’s gas pipeline infrastructure. The $8.9 million project is part of Mexico’s energy reform initiative. Because existing natural gas availability is expected to fall short of dem..
Subsea 7 Awarded Contract Off Egypt
Subsea 7 S.A. is working under a contract from BP, and partner DEA (Deutsche Erdoel AG), to development of the Giza, Fayoum and Raven subsea fields offshore Alexandria, Egypt. This is the second phase of the West Nile Delta project, where the field development will be at depths of up to 800 meters. ..
After 7-Year Run, Sequent Tops Tenaska Among Capacity Traders
Sequent Energy Management became the first capacity trader in seven years to beat out Tenaska in Capacity Center’s annual Top 20 report, as seven companies dropped out of the 2015 rankings altogether. Houston-based Sequent, a subsidiary of AGL Resources, traded an average daily equivalent capacity ..
Exporting LNG: A Golden Opportunity We Must Seize
A historic milestone in America’s energy history was passed with the U.S’s first export of liquefied natural gas (LNG). The shipment, worthy of celebration, comes in the midst of market volatility that amplifies the need for measures that would buttress the U.S. economy and keep growth – and employ..
Upstream Debt May Put Pipelines Under Pressure
Just like everything else, the bankruptcy river flows downstream, and as upstream players look to pass their debt burdens onto midstream operations through a rash of Chapter 11 filings, investors are wondering what is going to happen to all the pipelines as the industry continues to batten down the ..
Company & Association News
Association News Low domestic natural gas prices led to savings of almost $69 billion for residential natural gas customers over the past four years, according to the American Gas Association’s 2016 American Gas Association Playbook. Filled with new data and detailed graphics, this handbook can be..
Souki, Houston Found New LNG Export Company
Even as the first tanker to carry liquefied natural gas from the U.S. to a foreign market was departing from the Louisiana facility that he built and later transformed into an LNG export terminal, Charif Souki and Martin Houston announced the formation of Tellurian Investments, a new company offeri..
Weak Market Could Delay Alaska LNG Project
(This update, provided by the Kenai Peninsula Borough mayor’s office, is part of an ongoing effort to help keep the public informed about the Alaska LNG project. We will provide further updates as more information is available). The weak global market for liquefied natural gas – years of expected o..
Exxon Mobil Outlook Sees Oil and Gas Still Dominating in 2040
Despite upheavals in energy markets, the end of Iran’s sanctions, and the decline in oil prices, supermajor Exxon Mobil expects the global energy environment 25 years from now to remain largely as it is today. In other words, oil and natural gas will remain dominant. In fact, the company’s Outlook ..
New Opportunities Arise with Demand in Mexico
In the southern United States, Texas finds itself awash with gas while Mexico, its southern neighbor, has seen a decline of 24% in its domestic natural gas production since 2010 and is unable to meet rising domestic demand, according to a recent presentation by Kenneth S. Culotta, of the Houston ene..
PSE&G Accelerates Pace of Replacement Program
Public Service Electric and Gas Company (PSE&G), New Jersey’s largest utility, recently got the go-ahead to speed up its gas pipeline infrastructure modernization efforts through a supplemental program to replace 38,000 service lines. New Jersey regulators approved a PSE&G plan to replace 400 miles..
BLM Proposal Would Stimulate Pipeline Construction
New proposed limits on flaring and venting of natural gas from wells on federal lands could be a boon to the pipeline construction industry. The Bureau of Land Management (BLM) proposed new limits in February to reduce atmospheric emissions of methane. Kyle Danish, a partner at Van Ness Feldman, ex..
- Trump Aims to Revive 1,200-Mile Keystone XL Pipeline Despite Major Challenges
- ONEOK Agrees to Sell Interstate Gas Pipelines to DT Midstream for $1.2 Billion
- Energy Transfer Reaches FID on $2.7 Billion, 2.2 Bcf/d Permian Pipeline
- Boardwalk Approves 110-Mile, 1.16 Bcf/d Mississippi Kosci Junction Pipeline Project
- Kinder Morgan Approves $1.4 Billion Mississippi Crossing Project to Boost Southeast Gas Supply
- Tullow Oil on Track to Deliver $600 Million Free Cash Flow Over Next 2 Years
- GOP Lawmakers Slam New York for Blocking $500 Million Pipeline Project
- Energy Transfer Reaches FID on $2.7 Billion, 2.2 Bcf/d Permian Pipeline
- Enbridge Should Rethink Old, Troubled Line 5 Pipeline, IEEFA Says
- Caspian Pipeline Consortium Lowers 2024 Oil Export Forecast Again
